“Austrian Georgian Development” ceased its operations in terms of constructing hydro powers throughout Georgia. Based on the decision made by Georgian Prime Minister, the memorandum of understanding is annulled between Georgian government and Ltd “Austrian Georgian Development”. The main reason of this occasion exists in the memorandum; more precisely in …

The bank sector has reduced gross expenditures, but deposit expenses have increased anyway. In January commercial banks’ gross expenditures marked 229.3million GEL (284.6 million GEL as of 01.2015). The declination is recorded in the year on year context: -19.4%. The revenues have declined by 15.7% year on year. At the …

The implementation of the Baku-Tbilisi-Kars (BTK) railway construction project will improve economic climate in the region, Alexander Murinson, a senior fellow at the Begin-Sadat Center for Strategic Studies and Bar Ilan University, told Trend news agency. He said that this project is a guarantor of economic stability, adding that the …

A new company plans to launch operation in the oil products retail sector of Georgia. Portal, the oil products distribution company, plans to organize its own retail chain in Georgia. According to the project, the first fuelling station will open in Tbilisi, in the Navtlughi area, in 2-3 months. The company …

Appearance of Humanity-Georgia pharmaceutical company into the Georgian market has caused various public reactions. A part of the experts welcome the new market player, while another part asserts that the company will import low-quality medications to sell them at lower prices. As reported, the company plans to import 250 medications …

Company Plastic Production, polyethylene production plant, was put into operation. The plant owned by the company is located in Adjara, where polyethylene biodegradable bags are manufactured. The company is the first in Georgia, which has offered air-bubble, packaging tapes. The management expects replacement of import due to the high quality …

Aşkale Cement announces about the interests linked to the construction of cement and bitumen plant in Adjara. The representatives of the company has introduced the project to the government of Adjara. According to the company’s offer, cement plant should be built on land plot of 50 000 square m, where …

The architecture in the city is a mixture of local (Georgian), with strong influences of Byzantine, European/Russian and Middle Eastern architectural styles. The oldest parts of town, including the Abanot-Ubani, Avlabari, and to a certain extent the Sololaki districts clearly have a traditional Georgian architectural look with Middle Eastern influences. The areas of Tbilisi which were …

It’s the first verdict in more than 1,000 lawsuits filed over dangerous talc-based powders. Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company’s talc-based …